National General Holdings Corp (NASDAQ:NGHC) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.00.

NGHC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded National General Holdings Corp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price objective on shares of National General Holdings Corp in a research report on Tuesday, August 29th. FBR & Co reissued a “buy” rating and issued a $29.00 price objective on shares of National General Holdings Corp in a research report on Monday, September 18th. BidaskClub raised National General Holdings Corp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, TheStreet lowered National General Holdings Corp from a “b-” rating to a “c” rating in a research report on Tuesday, August 8th.

In related news, CEO Barry Karfunkel acquired 25,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $18.25 per share, with a total value of $456,250.00. Following the completion of the transaction, the chief executive officer now directly owns 110,073 shares of the company’s stock, valued at approximately $2,008,832.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.43% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its position in National General Holdings Corp by 530.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,663 shares of the insurance provider’s stock valued at $119,000 after purchasing an additional 4,765 shares during the period. Pacad Investment Ltd. purchased a new position in National General Holdings Corp in the second quarter valued at about $143,000. First Quadrant L P CA raised its position in National General Holdings Corp by 118.8% in the third quarter. First Quadrant L P CA now owns 9,850 shares of the insurance provider’s stock valued at $188,000 after purchasing an additional 5,348 shares during the period. Sciencast Management LP purchased a new position in National General Holdings Corp in the second quarter valued at about $211,000. Finally, Comerica Bank purchased a new position in National General Holdings Corp in the second quarter valued at about $217,000. 45.66% of the stock is currently owned by institutional investors.

National General Holdings Corp (NASDAQ:NGHC) last issued its earnings results on Monday, August 7th. The insurance provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.28). National General Holdings Corp had a net margin of 2.13% and a return on equity of 7.80%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $966.51 million. During the same quarter in the previous year, the business posted $0.41 EPS. National General Holdings Corp’s revenue was up 36.2% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Sunday, October 1st were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, September 28th. National General Holdings Corp’s dividend payout ratio (DPR) is presently 22.22%.

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National General Holdings Corp Company Profile

National General Holdings Corp. is a specialty personal lines insurance holding company. Through its subsidiaries, the Company provides a range of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, supplemental health, lender-placed and other niche products.

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